Lockheed Martin Tops Estimates, Reiterates 2024 Outlook
- Order backlog stood at $159.4 billion at end of quarter
- Aeronautics sales higher on demand for F-35 aircraft
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Lockheed Martin Corp.’s first-quarter operating income beat expectations as it delivered more fighter jets and missile systems.
The defense company’s consolidated operating profit was little changed at $2 billion from a year earlier, according to its earnings release, exceeding the average analyst estimate of $1.91 billion. Earnings per share of $6.33 also topped the $5.78 consensus.